Fed’s Actions Unlikely To ‘Taper’ Momentum For U.S. Credit Card ABS

23 Jan 2014

Positive U.S. macro and employment data has finally brought to bear the highly speculated tapering courtesy of the Federal Reserve.

--By Michael Dean, head of U.S. consumer ABS, Fitch Ratings

Positive U.S. macro and employment data has finally brought to bear the highly speculated tapering courtesy of the Federal Reserve. The impact is expected to be limited for credit card ABS, where performance posted record gains for much of ...

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